OFF GRID SURVIVAL BLOG

Wednesday, February 16, 2011

Silver and Gold Demand Explodes in China.

that is exactly why gold/silver could never be in a bubble. All the Asians would simply buy it up if it ever crashed in price. The dynamics have changed since the 79/80. This time it aint coming back down. We've already seen that physical has more or less diverged from paper in price terms.


Silver and Gold physical bullion products are in high demand. China sold 7 tons of Gold bullion in January, compared to selling 15 tons gold all of last year.

They sold 13 tons of physical silver in January compared to selling 33 tons of silver all of last year. Inflation has the chinese people spooked. The Chinese government is actively encouraging their people to buy physical gold and silver instead of putting their money into real estate.

When the dollar collapses or an economic collapse spreads throught the west, we are going to find that China has all the metal and real wealth and we have a stack of worthless paper.

The chinese are buying physical silver and gold. Are you?

http://www.reuters.com/article/2011/0...

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